Shirohato Co (TSE:3192) Scaled Net Operating Assets: 0.77 (As of Nov. 2025)


TSE:3192 Shirohato Co Ltd TSE:3192
38 GF Score
Price 円345.00
GF Value 円190.32
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Shirohato Co Scaled Net Operating Assets?

Shirohato Co TSE:3192 +3.29% 38 Scaled Net Operating Assets is 0.77 as of Nov. 2025. GuruFocus rates TSE:3192 with a GF Score™ of 38/100 and a GF Value™ of 円190.32 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Shirohato Co's operating assets for the quarter that ended in Nov. 2025 was 円5,143 Mil. Shirohato Co's operating liabilities for the quarter that ended in Nov. 2025 was 円1,008 Mil. Shirohato Co's Total Assets for the quarter that ended in Aug. 2025 was 円5,395 Mil. Therefore, Shirohato Co's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.77.


Shirohato Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Shirohato Co's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shirohato Co Scaled Net Operating Assets Chart

Shirohato Co Annual Data
Trend Aug16 Aug17 Aug18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 0.69 0.74 0.78 0.82

Shirohato Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.81 0.67 0.75 0.77 0.67

TSE:3192 vs AMZN, BABA, PDD: Scaled Net Operating Assets Comparison

For the Internet Retail subindustry, Shirohato Co's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shirohato Co Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shirohato Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Shirohato Co's Scaled Net Operating Assets falls into.


TSE:3192
38GF Score
Shirohato Co Ltd TSE:3192
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Shirohato Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Shirohato Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2025 )
=(Operating Assets (A: Feb. 2025 )-Operating Liabilities (A: Feb. 2025 ))/Total Assets (A: Feb. 2024 )
=(5405.121-665.646)/5760.981
=0.82

where

Operating Assets(A: Feb. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5959.547 - 554.426
=5405.121

Operating Liabilities(A: Feb. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3754.092 - 1760.416 - 1328.03
=665.646

Shirohato Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: Aug. 2025 )
=(5143.051-1007.983)/5394.692
=0.77

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5786.639 - 643.588
=5143.051

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3266.283 - 624.25 - 1634.05
=1007.983

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.77 mean?
Shirohato Co (TSE:3192) has a Scaled Net Operating Assets of 0.77 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Shirohato Co and its competitors.
Is Shirohato Co's Scaled Net Operating Assets too high?
Shirohato Co's current Scaled Net Operating Assets is 0.77. Overall, Shirohato Co has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shirohato Co's Scaled Net Operating Assets compare to AMZN and BABA?
Shirohato Co's Scaled Net Operating Assets of 0.77 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Shirohato Co and its competitors. Shirohato Co's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shirohato Co stock overvalued right now?
Based on GuruFocus' analysis, Shirohato Co (TSE:3192) is currently considered Significantly Overvalued. The stock's GF Value™ is 円190.32, compared to a current price of 円345.00 — trading 81.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.77. Shirohato Co's overall GF Score™ is 38/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Shirohato Co (TSE:3192), the current Scaled Net Operating Assets is 0.77 as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shirohato Co (TSE:3192) Overvalued in 2026?

Based on GuruFocus' analysis, Shirohato Co stock appears to be overvalued. The current stock price of 円345.00 is trading 81.3% above its estimated GF Value™ of 円190.32. GuruFocus considers Shirohato Co to be Significantly Overvalued.

Key valuation signals for TSE:3192:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: 円190.32 vs. price of 円345.00 (81.3% above fair value)
  • GF Score™: 38/100 with 4 warning signs

No single metric tells the full story. See the TSE:3192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shirohato Co Business Description

Address 505 Takeda Mukaishiro-cho, Fushimi-ku, Kyoto, JPN, 612-8418
Shirohato Co Ltd operates as an online shopping website company. It offers innerwear for men and women. The business activity of the group includes the purchase of innerwear from inner manufacturers and selling to individual customers through various channels on the Internet.
38GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円345.00
Price
円190.32
GF Value